CRANE CO

75.99 -1.13 (-1.49%) Sell

CR is a falling knife, continues to bleed every investor trying to catch it

13 min read

CRANE CO has destroyed investor wealth on Friday. It fell by -1.49% to close at 75.99 which is it's 52 week low, down -23% from it's 52 week high.

[Themes containing CR]

CR showed a strong bearish trend over the last 3 months. During this period CR fell by -20.68% and saw a maximum drawdown of -23.77%. There was a short signal during this period which returned +17.46%.

Trend

CR has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 20 Jan, 2016 to 31 Jan, 2018. Over the last 2 years 11 months and 10 days, CR outperformed the SP500 index on 53% days.

During the last three months CR was mostly loss making and delivered on average -0.35% per day. It's best return during this period (of +3.06%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.26%) was on Tuesday, 4 Dec, 2018. The longest stort-term trend during this period was 8 losing days, which started on 4 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -11.53% of investor capital.

During the last year CR had 5 profitable months and 7 loss making months. CR returned profits in fewer months than SP500 index. CR significantly outperformed SP500 index in Jul 2018, when it returned +13.92% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. CR had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both CR and SP500 index significantly outperform during months when quarterly/annual results are announced.

"The monarchy is foremost a business, and it's important to them that the British public continue to finance the excessive luxurious lifestyles of the now quite enormous, wasteful and useless 'royal' family. I find it very sad.

CR is currently seeing overall increase in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in CR's volatility from 20 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that CR has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

SP500 index has more chance of extreme outcomes than CR. Therefore, SP500 must receive a lower allocation than CR in your portfolio. SP500 index usually has shorter drawdown period than CR.

Based on your interest in CR you may find it interesting to know that IMTE, VIPS and IX are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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